Do cash gifts have to be reported to the irs?

Answer According to the IRS, you do not owe tax on gifts that are $13,000 or less for the 2009 tax year. Larger cash gifts are not taxable if made to your spouse, to a political organization or charity or... Read More »

Top Q&A For: Do cash gifts have to be reported to the irs

How to Give Bereavement Cash Gifts?

A check or bill tucked into a sympathy card or a few dollars dropped into a basket at a wake, especially if the death was sudden, is a common and helpful tradition. It is more practical than the sa... Read More »

Are personal cash gifts taxable?

You generally do not have to pay taxes on cash gifts unless they exceed a certain amount. In 2009, people did not have to pay taxes on any amount that was less than $13,000, according to the Intern... Read More »

Is Cash From a Capital Investment Loan a Negative or Positive on a Cash Flow Statement?

Cash from a capital investment loan is recorded by two different organizations. First, the organization that is lending the money will record the loan in its books. Second, the organization receivi... Read More »

Can I Have Cash Sent to My Daughter's Checking Account for a Cash Advance?

You can use a cash advance to access money from the available credit on your credit card or by taking out a payday cash advance loan. You cannot have funds electronically sent from your credit card... Read More »